NWMLS: Mostly Bad News For Buyers In October

October market stats were published by the NWMLS this morning. They haven’t posted their press release yet, so I don’t have the usual excerpt from that. Let’s take a look at the numbers.

September was a mixed bag, with some numbers moving in buyers’ favor, but October was pretty much all bad news for buyers. The only news that wasn’t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years…

October Stats Preview: The Year-End Listings Decline Begins

October is done, so let’s take a look at the local housing market stats for the month. Short story: the typical seasonal drop in listings and sales is well underway. Listings dropped quite a bit from the previous month, back into negative year-over-year territory.

Sales came in stronger than last year even though they fell from September to October. Listings dropped in both counties. Foreclosures are still at their historic lows…

Case-Shiller Tiers: Rate of Home Price Growth Slows Slightly

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.

All three tiers are up month-over-month, but the rate of increase is slowing for the low and middle tiers.

Between July and August, the low tier increased 0.7 percent, the middle tier rose 0.4 percent, and the high tier was up 0.5 percent.

Case-Shiller: Upward Summer Slog Continued in August

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data that was released this morning, Seattle-area home prices were:

Up 0.5 percent July to August
Up 11.4 percent YOY.
Up 6.5 percent from the July 2007 peak

Over the same period last year prices were up 0.3 percent month-over-month and year-over-year prices were up 7.6 percent.

Surprising no one, Seattle home prices as measured by Case-Shiller hit another new all-time high in August.

September Reporting Roundup: “The Market Is Still Strong”

It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).

To kick things off, here’s an excerpt from the NWMLS press release:

Western Washington Housing Market Still Strong
It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating prices. Others aren’t convinced, citing mixed indicators…

NWMLS: Listings Up, Prices Down August To September

September market stats were published by the NWMLS today. The NWMLS press release has not been published yet, so we’ll take a look at that tomorrow.

After a month when everything was moving in sellers’ favor, September was much more of a mixed bag. Listings saw their largest year-over-year increase since May 2014, pushing months of supply up slightly as pending and closed sales both fell from August…

September Stats Preview: A Late-Summer Listings Bump

September brought some good-ish news for potential homebuyers. During a time of year that the number of homes on the market typically begins to decline, King County and Snohomish County each saw listings increase slightly from the previous month. We’re still far from a buyer’s market, but it’s a bit of a surprising turn.

While inventory increased slightly, sales still came in strong, beating last year’s September levels in both counties but sharply declining from August. Foreclosures also remain near their all-time low levels…